Bulletin

Financials follow market lower; Legg rallies

JohnSpence

BOSTON (MarketWatch) -- U.S. financial stocks followed the broader market into the red early Tuesday as global debt jitters returned after the sector rallied nearly 6% the previous session. The Financial Select Sector SPDR Fund
XLF, -0.31%
was off 1% in morning trade. Shares of Legg Mason Inc.
LM, -0.06%
bucked the trend and rallied nearly 10% after the asset manager reported a better-than-expected quarterly profit and said it plans to buy back shares.

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